Immigrants Expected to Boost U.S. Housing Market
Assuming Congress doesn't impose further restrictions, immigrants — both legal and illegal — and their native-born children are expected to provide the bulk of coming years' growth in home-buying demand, nudging the market back up and aiding the broader economy.
Most native-born children of immigrants are classified as minorities, and minorities' share of new U.S. households — a key driver of housing demand — is expected to rise from a little more than two-thirds now to more than three-quarters by 2020.
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